Singapore is a small country located at the southern tip of the Malay Peninsula in South East Asia. As the country is small, it may be short on natural resources but that has not stopped it from becoming the third wealthiest country in the world. What the country may have lacked in natural resources, it made up for by its location which is on the main shipping route from the east to the west and vice versa. Due to its location, on the main shipping route, Singapore provided a large port for shipping and hence became the main hub for shipping between the east and west. As Singapore was the major hub for international shipping, many countries started to have at least offices in the country so that they could more easily transact international business from there. As the number of companies with a presence in Singapore grew, so did its economy and so the government of Singapore actively welcomed companies to come to their country, encouraging them to even register as a Singaporean company. For those companies which did just that, the government allowed them to enjoy low tax rates. Of course, with the promise of lower taxes, still more companies registered in Singapore and continue to do so to this day. As with any country however, Singapore, although welcoming companies to register, does insist that certain criteria are met before they can do so. This has prompted some businesses in Singapore, like Singapore Incorporation Service, to specialize in assisting foreign and new companies to meet the required criteria. The Singapore Incorporation Service website will show that there are three main areas where companies often find trouble with when wanting to meet the registration requirements and those are in the nomination of a director, the naming of a corporate secretary and the providing of a Singapore address. All of these things though, the website claims that Singapore Incorporation Service (SIS) can assist with. Obviously any company wishing to register in Singapore will already have at least one director but the problem is that the government insists on being given the name of a director who is a Singapore citizen or a permanent resident of Singapore. Although this could mean that a company would have to name yet another director, one that may not have an actual say in company business but will be the face of the company as far as the Singapore government is concerned. However, SIS claim that this requirement is not necessary if a director has a valid Singapore Employment permit which they can help them to obtain. Again, a corporate secretary has to be appointed who is a Singapore citizen and whilst there is no way around this regulation, SIS may offer their services as a Corporate Secretary. Lastly the address provided to the Singapore government cannot be just a PO Box; it must be a street address where a company office is located which is open during normal business hours. Once again, SIS can assist in meeting this requirement.
If you think that there are just so many businesses that already exist in the United States and want to establish a fresh brand without going against the top local enterprises then you may want to take your business abroad. Right now, if you can afford to do so, you may want to let establish a company overseas. In other countries, you may be able to earn better and become popular. Even if there are other companies that already offer items and services that are like what you’re providing, your business could still do well in another country because there you may have less competitors to deal with. Also, you may be able to save on so many things when you’d start a company elsewhere from the US since other places typically use currencies that have lower buying power and you could therefore afford more things abroad with the use of dollars. Right now, to sell better in a foreign land, there are different things that you should try. For the things that were suggested, you ought to keep reading.
If you’re planning on establishing a branch of your office or a new company abroad, you may want to search for subjects like learn to register a company in Singapore. After all, before you could do business elsewhere, you need to find out how you could make your enterprise legal wherever you’d wish to sell to people. However, even though online registration is possible, you still have to submit certain requirements so that you or at least your employees could be permitted to relocate to a foreign place. You may need to require those would transfer to another location to secure for themselves passports to gain entrance at least. If there are other documents that are asked by the government of the spot where you intend to put up a company, you should comply and obtain them. However, instead of simply working on how you and your people could enter and stay in another country for business purposes, you should also do some research to find out where it would be ideal for you to set up the physical unit of your company. Take note that not all spots are ideal for business so you should be wise when selecting. Also, instead of transferring all of those who are working for you or hiring locals to send to another country, you may want to hire people that are citizens of the country where you’ve chosen to run your enterprise so that you could also save money. If you want to, you could look for an agency that could supply you with your required workforce so that you may be able to avoid spending on training as well.
As much as possible, if you’re going to sell abroad, you may want to offer products that locals of another country would be able to afford and appreciate. It may be great to be the sole supplier of specific items to another country but you have to sell only those that could be bought. That’s so you could make lots of money and take advantage of your time.